Scalpers, day traders, and swing traders are all types of traders in the financial markets. The main difference between them lies in the duration of their trades and the strategies they use.
Trading forex on the monthly time frame is a long-term strategy suited for patient investors who prefer fewer, high-probability trades. This approach involves analysing monthly candlestick charts to identify major trends, key support and resistance...
A losing trade is an outcome that aligns with your trading plan; it follows your rules for entry, risk management, and exit, but still results in a loss due to normal market fluctuations. Even the best strategies have losing trades; they are an...
Yes, trading Forex requires effective time management to maximise opportunities and minimise risks. The Forex market operates 24 hours a day, five days a week, across different time zones, making it essential for traders to plan their activities...
Support and resistance levels are important in trading because they indicate the levels at which a security's price tends to stop falling or rising, respectively. These levels are often used by traders to determine where to enter or exit a trade....
Derivatives are financial instruments that derive their value from an underlying asset, such as a stock, commodity, currency, or interest rate. There are several types of derivatives, each with its own characteristics and uses. The most common types...
Divergence trading is profitable. Traders should be aware, however, that this isn't always the case. It is always important to consider the indicators that are capable of filtering price movement. With filters, traders can focus on the important...
Through the use of price channels, traders can determine the best entry points for trades. The downside risk and upside risk they can expect can be limited while they do this. Trading within the channel is considered in line with the current trend by...
Some common mistakes that forex traders make during a recession include overreacting to short-term fluctuations in the market, failing to diversify their portfolio, and underestimating the impact of broader economic trends on the forex market. To...